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smartPRO RealtyRajesh Babunaidu, REALTOR®
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$639,800

231 & 233 Kendrew Drive

Kingsgate, Red Deer

  • 1,302 sq ft

About this home

DOUBLE THE OPPORTUNITY! Discover the investment potential of this well-maintained, side-by-side bi-level duplex at 231 & 233 Kendrew Drive in Red Deer. Offering two separate residential units, established tenants and a combined rental income of $3,000 per month, this property presents an appealing opportunity for investors looking to add a complete duplex to their portfolio.Each side features a functional bi-level design with comfortable main-floor living spaces and additional lower-level accommodation. The two units offer approximately 1,302 sq. ft. of combined above-grade floor area, plus their respective lower levels. The property has benefited from attentive ownership and ongoing maintenance, including improvements to flooring, countertops and appliances in 233 Kendrew Drive.Both units are currently rented at $1,500 per month, with tenants responsible for utilities. Existing leases extend to July 1, 2027, for 233 Kendrew Drive and September 1, 2027, for 231 Kendrew Drive, providing an established rental arrangement for the incoming owner.Whether you're growing an existing investment portfolio or looking to acquire your first multi-unit property, this duplex offers the advantages of two income-producing residences in one investment. A practical property with established income, maintained interiors and flexibility for future ownership plans! (id:67770)

Facts

Living area
1,302 sq ft
Home type
Multi-Family
Year built
2002
Lot size
3,197 square feet
Parking
4
Property taxes
$2,547 (2026)
MLS® number
A2353145

Features

Heating
Forced air, Natural gas
Flooring
Laminate, Linoleum
Appliances
Refrigerator, Dishwasher, Stove, Washer & Dryer
Parking
Other
Exterior Features
Vinyl siding

Location

Listed by Century 21 Advantage

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Listing data is supplied by the CREA Data Distribution Facility (DDF®). It is deemed reliable but not guaranteed and should be independently verified. It is provided for consumers’ personal, non-commercial use to identify properties they may be interested in purchasing.